Korea to provide US$5bn trade cover for defence exports
April 18 2024 by InsuranceAsia News
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Woori Finance enters race for Korea’s Lotte Insurance: report
- April 25
The non-life carrier's private equity owner JKL Partners is looking to sell 77% stake in the company for a targeted US$1.45bn.
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Samsung Fire & Marine quits bancassurance as sales flag: report
- April 8
The move from savings to protection products have made the banking channel less attractive non-life carriers in Korea, especially since the introduction of IFRS17.
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APAC markets see stable renewals on ample capacity, reinsurer appetite: brokers
- April 3
The supply-demand dynamics have shifted in favour of reinsurance buyers in the April renewals, leading to better pricing and easing of market conditions across Japan, India, Korea, the Philippines and China.
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Korean carriers turn around underwriting results with US$6.2bn insurance income
- March 27
Even with a 70% drop in investment profit, the country’s non-life insurers posted a 51% increase in net income in 2023.
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